BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sets New 12-Month Low – Time to Sell?

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) shares hit a new 52-week low during trading on Friday . The stock traded as low as $41.23 and last traded at $41.25, with a volume of 19164 shares trading hands. The stock had previously closed at $41.39.

BNY Mellon Core Bond ETF Stock Down 0.2%

The stock has a fifty day simple moving average of $41.73 and a 200 day simple moving average of $42.10.

Institutional Investors Weigh In On BNY Mellon Core Bond ETF

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its stake in BNY Mellon Core Bond ETF by 16.4% during the 2nd quarter. Raymond James Financial Inc. now owns 20,850 shares of the company’s stock valued at $879,000 after acquiring an additional 2,939 shares during the period. Lantern Wealth Advisors LLC bought a new stake in shares of BNY Mellon Core Bond ETF in the second quarter worth approximately $217,000. Equitable Holdings Inc. raised its holdings in shares of BNY Mellon Core Bond ETF by 133.4% during the second quarter. Equitable Holdings Inc. now owns 122,184 shares of the company’s stock valued at $5,154,000 after purchasing an additional 69,841 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in shares of BNY Mellon Core Bond ETF by 0.9% during the second quarter. First Heartland Consultants Inc. now owns 186,161 shares of the company’s stock valued at $7,852,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of BNY Mellon Core Bond ETF by 414.1% during the second quarter. Advisory Services Network LLC now owns 36,409 shares of the company’s stock valued at $1,527,000 after purchasing an additional 29,327 shares during the last quarter.

BNY Mellon Core Bond ETF Company Profile

The BNY Mellon Core Bond ETF (BKAG) is an exchange-traded fund that is based on the Bloomberg US Aggregate Total Return index. The fund tracks a broad index of US investment-grade fixed income securities, including Treasurys, agencies, CMBS, ABS and corporates. BKAG was launched on Apr 24, 2020 and is managed by BNY Mellon.